Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following table shows the price per roll depending on order size: Quantity Ordered To From 1 30 31 60 61 120 121 and up Price per Roll $215 $195 $175 $155 Click on the datafile logo to reference the data. DATA file (a) Use the XLOOKUP function with the preceding pricing table to determine the total revenue from these orders. Hint: Xlookup is an Excel function available in Excel 2021 and above and in Microsoft 360. VLOOKUP, in this case will result in the same answer. $ 32260 (b) Use the COUNTIF function to determine the number of orders in each price bin. From To Price per Roll Number of Orders 30 $215 40 31 60 $195 50 61 120 $175 60 121 and up $155 22 * * * *
Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following table shows the price per roll depending on order size: Quantity Ordered To From 1 30 31 60 61 120 121 and up Price per Roll $215 $195 $175 $155 Click on the datafile logo to reference the data. DATA file (a) Use the XLOOKUP function with the preceding pricing table to determine the total revenue from these orders. Hint: Xlookup is an Excel function available in Excel 2021 and above and in Microsoft 360. VLOOKUP, in this case will result in the same answer. $ 32260 (b) Use the COUNTIF function to determine the number of orders in each price bin. From To Price per Roll Number of Orders 30 $215 40 31 60 $195 50 61 120 $175 60 121 and up $155 22 * * * *
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot
rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following table shows the price per roll depending on order size:
Quantity Ordered
To
From
1
30
31
60
61
120
121
and up
Price per Roll
$215
$195
$175
$155
Click on the datafile logo to reference the data.
DATA file
(a) Use the XLOOKUP function with the preceding pricing table to determine the total revenue from these orders. Hint: Xlookup is an Excel function available in Excel 2021
and above and in Microsoft 360. VLOOKUP, in this case will result in the same answer.
$ 32260
(b) Use the COUNTIF function to determine the number of orders in each price bin.
From
To
Price per Roll
Number of
Orders
30
$215
40
31
60
$195
50
61
120
$175
60
121
and up
$155
22
* * * *
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